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TESLA INC.

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Tesla : China grants Tesla car manufacturing certificate - industry ministry

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10/17/2019 | 04:51am EST
FILE PHOTO: Workers are seen outside a planned entrance of U.S. electric carmaker Tesla's Gigafactory that is under construction in Shanghai

SHANGHAI (Reuters) - China's industry ministry on Thursday said it has added Tesla Inc to a government list of approved automotive manufacturers, granting the manufacturing certificate that the electric vehicle maker needs to start production in the country.

The list was published by China's Ministry of Industry and Information Technology.

(Reporting by Brenda Goh and Yilei Sun; Editing by Christian Schmollinger)

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Financials (USD)
Sales 2019 24 352 M
EBIT 2019 -223 M
Net income 2019 -841 M
Debt 2019 7 417 M
Yield 2019 -
P/E ratio 2019 -69,7x
P/E ratio 2020 264x
EV / Sales2019 2,77x
EV / Sales2020 2,29x
Capitalization 60 029 M
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Mean consensus HOLD
Number of Analysts 34
Average target price 295,97  $
Last Close Price 333,04  $
Spread / Highest target 59,1%
Spread / Average Target -11,1%
Spread / Lowest Target -52,0%
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Managers
NameTitle
Elon Reeve Musk Chief Executive Officer & Director
Robyn M. Denholm Chairman
Zachary Kirkhorn Chief Financial Officer
Kimbal Musk Director
Ira M. Ehrenpreis Independent Director
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